Qinetiq inks deal with Ministry of Defence for military communications October 11, 2024 Security and defence contractors Qinetiq have won a three-year contract with the Ministry of Defence worth around £150m to deliver military communications. The initial contract, with UK’s Ministry of Defence’s (MoD) Defence Digital organisation, is worth £39m, but includes options for extensions for up to two further years. The Farnborough-based firm, which in May hiked its [...]
UK defence tech investment surges September 26, 2024 Venture capital in European defence technology is set to reach $1bn annually by 2024, with the UK leading the charge alongside Germany and France.
Cohort cashes in on defence boom with record year for orders September 24, 2024 Cohort said it secured a closing order book of £518.7m last year, its highest ever and stretching to at least 2037.
Italian firms Leonardo and Marcegaglia to invest £485m in Britain, Starmer reveals September 16, 2024 Two Italian companies Leonardo and Marcegaglia are set to invest £485m into the UK, Sir Keir Starmer has announced. The news came during a joint press conference in Rome with the Prime Minister of Italy, Georgia Meloni, as part of Sir Keir’s trip to strengthen ties on migration, trade and defence. Aerospace firm Leonardo will [...]
UK-Germany: No post-Brexit youth mobility scheme but defence deal at ‘heart’ of treaty August 28, 2024 A new UK-Germany treaty will have a fresh defence agreement “at its heart”, Sir Keir Starmer has said, as he insisted there are no “plans” for a youth mobility scheme. The Prime Minister spoke at the German chancellery in Berlin alongside Chancellor Olaf Scholz during a press conference to announce the launch of talks for [...]
The Notebook: So, when does Labour actually become pro-business? August 20, 2024 The honeymoon is over, Labour needs to start walking the walk when it comes to being pro-business, writes Michael Martins.
Military sent to help as Lammy tells UK citizens ‘leave Lebanon now’ August 3, 2024 Military personnel and consular experts have been deployed to the Middle East to help British nationals in the region as ministers warned the “situation could deteriorate rapidly”.
BAE Systems raises full year guidance amid ongoing geopolitical tension August 1, 2024 BAE systems upped its full year guidance and hiked its interim dividend off the back of a bumper half year trading update which saw healthy jumps in revenue and profit.
Babcock profit soars amid surge in global defence spending July 26, 2024 Babcock International has reported a jump in annual profit as the British defence giant once again benefits from a "sustained uplift" in global defence spending.
Science Group hikes share buyback programme despite dip in revenue July 23, 2024 Record profit first half profit at Science Group driven by a well choreographed turnaround at one of its major brands helped the consultancy and systems specialist to increase its share buyback programme.